The escalating tariffs on Chinese imports by the United States which were supposed to help revive the US manufacturing sector appear to be having the opposite effect. What is certain is that existing tariffs have exerted pressure on the global economy. Until the tariffs are removed and tensions are resolved, companies and consumers are likely to continue to bear the brunt of this dispute.
Facebook has confirmed about 200 million phone numbers from members have been exposed in an online database.The company said it was investigating who had compiled the database and left it online unprotected.It includes telephone numbers for about 18 million Facebook members in the UK.
Huawei Technologies Co Ltd disclosed on Tuesday that it had signed 50 commercial contracts for 5G with carriers worldwide, despite facing restrictions from the United States.By Tuesday, Huawei has received 28 contracts from Europe, 11 from the Middle East, six from the Asia-Pacific Region, four from the Americas, and one from Africa.
Speculation mounts that PM Johnson to seek vote if Brexit delay bill is passed. United Kingdom Prime Minister Boris Johnson called an emergency Cabinet meeting on Monday afternoon, reportedly to talk over with his team the pros and cons of attempting to call a snap general election.
The Brazilian government has said it will reject an offer of aid from G7 countries to help tackle fires in the Amazon rainforest. French President Emmanuel Macron - who hosted a G7 summit that ended on Monday - said $22m (£18m) would be released. But Brazilian ministers say the money is not needed and accuse foreign powers of wanting control of the Amazon.
As the largest rainforest in the world, the Amazon is a vital carbon store that slows down the pace of global warming. It spans a number of countries, but the majority of it falls within Brazil.
Opposition MPs say they have agreed to try to block a no-deal Brexit by passing legislation in Parliament. A meeting between those opposed to no deal was called by Jeremy Corbyn. A joint statement afterwards did not detail how or when legislative attempts would be made, but Green MP Caroline Lucas said it was the best way to stop a PM "careering towards" no deal.
SAN FRANCISCO/NEW YORK - The US central bank on Tuesday rejected a call from a former Federal Reserve policymaker to counter President Donald Trump's trade agenda by refusing to "play along" and denying the president the interest rate cuts he has demanded."
US retailer Costco was forced to close early on its opening day in China, after the store was swamped with shoppers. Buyers battled long queues and traffic chaos, before the Shanghai store was shut hours early due to "overcrowding". Costco's push into China comes as other foreign retailers have struggled to compete with local rivals.
The world's two largest economies have been fighting a trade war for the past year, and tensions have escalated with the threat of more tariffs from both sides.
The nearly 73,000 fires, most of them set illegally to clear and prepare land for agriculture, cattle farming and property speculation, have prompted the state of Amazon as to declare an emergency. The fires have decimated the Amazon rainforest, which could be devastating for an ecosystem that produces a huge amount of the planet's oxygen, sparking international concerns over the destruction of one of the world's largest carbon sinks.